21 Anderson RdWhitney PtNY13862
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Whitney Pt at 21 Anderson Rd, Whitney Pt, NY, 13862 priced at $185,000 converts $1,260/mo rent into $25/mo cash flow after a $905/mo obligation. Total monthly income equals $1,260/mo, and annual cash flow totals $301/yr on $61,328 invested. Return on cash invested prints 20.4% in year one, and rental yield reads 8.17% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 106.19% and total cumulative return in cash sums $65,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13862, Whitney Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,878 (100%) |
| Owner Occupied HU | 1,267 (67.5%) |
| Renter Occupied HU | 377 (20.1%) |
| Vacant Housing Units | 234 (12.5%) |
| Median Home Value | $184,821 |
| Average Home Value | $210,679 |
Housing Distribution
Address Breakdown
Residential
1,457
Single Family
1,434
Multi-Family
23
Businesses
89
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Listed by: Kay H. Graves • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls Provider:
Mls ID: #331781
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